Hey friends..
Wishing you a Happy and Prosperous Diwali...:)
Apart from Diwali what other things which is going on....CAT,GMAT etc etc...
But what about jobs which we think are hit very badly due to the adverse conditions going in Global Economy..
According to the latest news and data received by Bank of America and other agencies  United States will likely suffer the loss of its triple-A,credit rating..which would be second downgrade..
US deficit will be around $1.2 trillion by november 2011.
in this year 2011 their GDP was as follows:-
2nd quarter 2011: 1.3 %
1st quarter 2011: 0.4 %
Their trade deficit for month of august 2011 was $45.6 billion
If I elaborate it more it would be something like
Total August exports of $177.6 billion and imports of $223.2 billion resulted in a goods and services deficit of $45.6 billion.
High unemployment rates,sovereign debt concerns, slowing growth, and political activism in many countries are generating opposition to outsourcing.
One of the major sector would  be IT(information technology).But as far as our scenario is concerned it would be hit somewhere around 25% or may be a little more than that...
However, the country's two largest software exporters, Infosys and TCS, remain confident of withstanding another downturn.
"It is too early to say. There are fears of another recession in the US and a debt crisis in Europe," Infosys CEO and MD Kris Gopalakrishnan said.
If I go into details these big players like TCS,Infosys,Cognizant,Wipro sees no proper cause of worry due to recession.
Infosys Ltd , India's second-largest software services exporter, expects revenue growth of 15 to 20 per cent in its business process outsourcing (BPO) arm this fiscal year.The outsourcing industry lobby group National Association of Software and Services Companies (NASSCOM) figured export revenue growth surge of 16 to 18 per cent for the year to March 2012.India's outsourcing sector, which employs close to 835,000 people and accounts for more than a third of the global back-office market, generated export revenue of $14.1 billion.
The largest Indian IT companies have strong margins, are cost-competitive, and have proven delivery models. These attributes will help them to weather uncertain and volatile demand.
so i guess we should not worry about anything..be optimistic...
n Enjoi...again wishing you a safe and Happy Diwali..tc..:)

The legacy a true leader would like to leave behind is that we would like to make a difference in the quality of life of the people...
We lost a legendary leader on 5th oct,2011 who does not require any introduction..Mr.Steve Jobs
The backbone of Apple Corporation who made so many remarkable changes in technology and brought a revolution in gadgets..let it be i-pods,i-phones or i-pads...
Steve Jobs who used to think differently and who have an edge above all...
He made digital technology made familiar among the masses,his elegant products captured The world wide attention..
The noteworthy products launched by Steve Jobs are :-
1.Apple II Personal Computer-june 1977
2.Apple Lisa II Personal Computer-this was name after job's daughter..it didnt succeed because it was very expensive..1983
3.The Apple Macintosh-this introduced the graphic user interface to the world in year 1984 and marked the beginning of personal computers and inspired the upcoming of other operating systems.
Due to some ineffective cost operations,he hired John Sculley from Pepsi..but While Jobs was a persuasive and charismatic director for Apple, some of his employees from that time described him as an erratic and temperamental manager. An industry-wide sales slump towards the end of 1984, caused a deterioration in Jobs's working relationship with Sculley as well as layoffs and disappointing sales performance. An internal power struggle developed between Jobs and Sculley..After battling with CEO John Sculley for control of the company in 1985, jobs resigned Apple Corporation n den return again in 1997..
In between jobs brought the graphics group later named pixar and made many changes in animations and graphics of many holloywood movies..
and when he joined Apple Corporation again in 1997 and in near 2000's and after that came i-pods,i-phones, and i-pads which we all are familiar with...
and you people probably know more than me...
One of Jobs greatest accomplishment was to combine things in ascetically pleasing ways. For instance, the iphone is a: phone, mini-computer, camera, video recorder, and organizer. And if we include apps, then it is so much more - a translator, dictionary, cook book, game console, etc. It also looks great. To do this required incredible creativity. He was a genius. He will be missed...